The Need for Alpha & Omega

According to the researchers' analysis of U.S. Census, Bureau of Labor Statistics, and National Center for Education Statistics data for the years 1980 to 2019, college costs have increased by 169% over the past four decades — while earnings for workers between the ages of 22 and 27 have increased by just 19%.

Paideia will solve this by creating a free-floating reserve educational currency, PAI, that is pegged to a stable 1 dollar instrument, Current (CRNT). Then Paideia will offer educational rewards from the consensus of transactions on the blockchain.

Alpha DAO - (The treasury for PAI) Alpha members keep our system running, everyone is an alpha member and can vote on all issues that impact the system.

Omega DAO - (Our "miners" guild for Paideia) By joining Omega, you can help those seeking knowledge, achieve lifelong free learning.

Is PAI a stable coin?

No, PAI is not a stable coin. Rather, PAI is the educational reserve currency pegged to a true 1:1 stable coin that is backed by gold. Similar to the idea of the gold standard, pegged to Current (CRNT) provides secure value its users can always fall back on. Students can depend on PAI as each transaction, provides PAI for the student, from validation on the blockchain. The more you learn the more you earn.

PAI is pegged, not backed

Each PAI is pegged to 1 Current (CRNT), equal to 1 USD worth of gold. Because the treasury holds all consensus fees, this has the effect of keeping PAIs price locked in at 1 USD. And by using a pegged token we can keep PAI also equal to 1 credit hour of learning.

So, the PAI floor price or intrinsic value is 1 USD. This way we can assure that everyone who uses Paideia does not suffer a loss due to speculation. As well PAI is equal to one credit hour of learning. This keeps the system optimized without fractionalization of the base token.

How does it work?

At a high level, Paideia consists of a layer one core blockchain with three side chains, a protocol managed treasury, protocol owned liquidity (POL), shares of validator nodes with rewards paid for with the transaction fees (gas) from the network. A system that is designed to secure student data, educational credit supply, provide transaction validation, and remove the monetization of the education system.

There will be no need for headhunters or job finder services as Paideia provides all of this in one place. For no cost, students can release their CV and current course data securely to a Employer search. Employers can then freely search for employees buy this information as well as, the recommendations from other students, employers and educators. As well, employers can sponsor students and create educational bonds to generate extra profit for the protocol, and the treasury uses the profit to mint PAI and distribute them to these students. The bond can be reclaimed when the student completes pre-determined set forth by the employer creating the bond. Think of these as leaning bounties with a end goal of hiring the student.